Eni will acquire BP’s business in Algeria, including two gas-producing concessions In Amenas and In Salah (45.89% and 33.15% working interest, respectively), the company said Sept. 7.
The In Amenas and In Salah assets in the southern Sahara are jointly operated with Sonatrach and Equinor. Production of gas and associated liquids began in 2006 and 2004, respectively. In 2021, they produced approximately 11 billion m3 of gas, and 12 MMbbl of condensates and LPG.
The acquisition further strengthens Eni’s presence in Algeria, where it has operated since 1981. The deal will allow Eni to increase its portfolio of assets in the country and, jointly with the new contracts of Berkine South and Block 404/208, allow new and synergic development opportunities, mainly focused on increasing gas production.
The acquisition is in line with Eni’s strategy to address the challenges of the current energy market while accelerating the path to net-zero.
Following these acquisitions and the development programs in the Berkine basin, Eni’s 2023 production from Algeria will surpass 120,000 boe/d.
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